https://www.taxtmi.com/caselaws?id=159543 A best judgment assessment of brick turnover is valid only when based on an honest estimate drawn from relevant facts, the assessee's explanation, and the materials before the assessing authority. The basis of estimation must be disclosed, and the assessment cannot rest on surmises, suspicions, conjecture, or unsupported assumptions. Where books, bills, and explanations are produced, they cannot be ignored merely because the manufacturing accounts are said to be imperfect. An assessment supported by inconsistent reasons and without proper examination of the actual material is not a proper exercise of best judgment. The assessment was held unjustified and the revision succeeded for the assessee. en-us Thu, 17 Jan 1991 00:00:00 +0530 Wed, 27 Nov 2013 12:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159543 A best judgment assessment of brick turnover is valid only when based on an honest estimate drawn from relevant facts, the assessee's explanation, and the materials before the assessing authority. The basis of estimation must be disclosed, and the assessment cannot rest on surmises, suspicions, conjecture, or unsupported assumptions. Where books, bills, and explanations are produced, they cannot be ignored merely because the manufacturing accounts are said to be imperfect. An assessment supported by inconsistent reasons and without proper examination of the actual material is not a proper exercise of best judgment. The assessment was held unjustified and the revision succeeded for the assessee. Case-Laws VAT and Sales Tax Thu, 17 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159543